Dr. Raghuram Rajan

Professor

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Biography

Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor at the University of Chicago Booth School of Business. He served as the 23rd Governor of the Reserve Bank of India from September 2013 to September 2016 and previously worked as Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006. Rajan's research focuses on banking, corporate finance, and economic development. He has authored several influential works, including 'Breaking the Mold: India's Untraveled Path to Prosperity' and 'Fault Lines: How Hidden Fractures Still Threaten the World Economy,' which received the Financial Times Business Book of the Year award in 2010. He has been President of the American Finance Association and a member of the American Academy of Arts and Sciences. His accolades include the Infosys Prize in Economic Sciences in 2012 and the Deutsche Bank Prize in Financial Economics in 2013. Rajan's academic contributions are notable for their impact on the theory of financial intermediation and regulation, making him a key figure in modern finance research.

Research Interests

Experience

Governor

2013-09-01 — 2016-09-01

Reserve Bank of India • India

Served as the 23rd Governor, managing India's monetary policy and financial stability.

Chief Economist and Director of Research

2003-01-01 — 2006-01-01

International Monetary Fund • Washington D.C.

Led the research department, providing insights into global economic trends.

Awards

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Fischer Black Prize

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Infosys Prize in Economic Sciences

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Deutsche Bank Prize in Financial Economics

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Euromoney Central Banker Governor of the Year

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Central Bank Governor of the Year

Courses

Corporate Finance III International Corporate Finance

Requirements for University of Chicago Booth School of Business

Doctorate Program
Requirements
GMAT
GRE General
TOEFL
Total
Required:100
IELTS
Listening
Required:7
Reading
Required:7
Writing
Required:7
Speaking
Required:7
Overall
Required:7
Prerequisites
Undergraduate degree or equivalent
Application Checklist
  • Online application
  • Application fee ($80)
  • Transcripts from all post-secondary institutions
  • Two to four letters of recommendation
  • Resume/CV
  • Statement of Purpose (2-4 pages)
  • Optional writing sample (up to 30 pages)
  • Standardized test scores (GMAT or GRE)
Specialization Notes

The doctoral program at Booth is organized into 'dissertation areas' which include Accounting, Behavioral Science, Econometrics and Statistics, Finance, Marketing, and Operations Management.